Mon Oct 22, 2012, 02:09 AM
Hissyspit (41,716 posts)
Why Greg Smith Left Goldman Sachs (Former Goldman Sachs VP New Book Released Monday)
Source: Associated Press
WHY GREG SMITH LEFT GOLDMAN SACHS
By CHRISTINA REXRODE
— Oct. 22 12:54 AM EDT
Greg Smith wrote the essay that echoed across Wall Street like a thunderclap.
Smith was a vice president at Goldman Sachs until March. He announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.
And he struck a nerve. The essay went viral in the financial world and beyond. Smith was praised for uncloaking corruption that was crying out to be addressed, and also derided as a disgruntled employee.
- snip -
Smith's book, "Why I Left Goldman Sachs," is being released Monday. It's a window into a company that is notoriously tight-lipped, with stories about a swaggering place where interns arise for 5 a.m. meetings and business trips mean slapping down $150 for one person's dinner.
Read more: http://bigstory.ap.org/article/why-greg-smith-left-goldman-sachs#overlay-context=article/obama-take-campaign-tonight-show-wednesday
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